Finland: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland
September 2, 2010
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
Owing to the high dependence of its exports on countries and commodities, Finland experienced the worst recession in the euro area. Executive Directors encouraged authorities to focus on improving bank cost efficiency, preventing excessive risk taking, and limiting liquidity and funding risks. Directors welcomed the establishment of the Nordic-Baltic Stability Group, and stressed the need to strengthen the effectiveness of cross-border supervision and crisis management arrangements. Directors welcomed structural reforms and also emphasized the need of a strong fiscal consolidation to secure fiscal sustainability.
Subject: Banking, Expenditure, Fiscal policy, Fiscal stance, Fiscal sustainability, Output gap, Production, Public debt
Keywords: CR, deficit, Europe, Fiscal stance, Fiscal sustainability, Global, headline deficit, IMF staff estimate, ISCR, liability positions vis-à-vis nonresident, Output gap, projection, staff appraisal, threshold of the SGP
Pages:
94
Volume:
2010
DOI:
Issue:
273
Series:
Country Report No. 2010/273
Stock No:
1FINEA2010001
ISBN:
9781455207725
ISSN:
1934-7685
